Do you have to KYC on BingX?

I'm curious to know, when using BingX, is there a mandatory Know Your Customer (KYC) process that users must undergo? It's important to ensure compliance with regulations and security measures in the cryptocurrency and finance space, so I'm interested in understanding the specific steps required by BingX for its users. Does the platform enforce KYC for all transactions, or are there certain thresholds or exemptions in place? Clarifying this would be very helpful in evaluating the platform's security measures and user experience.